Intracity transportation priced at$20 in 2000→$36.58 in 2018

Historical Price Inflation for Intracity transportation

Prices for Intracity Transportation, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for intracity transportation were
82.89% higher
in 2018 versus 2000 (a $16.58 difference in value).

Between 2000 and 2018:Intracity transportation experienced an average inflation rate of 3.41% per year.
This rate of change indicates significant inflation.
In other words, intracity transportation costing $20 in the year 2000 would cost $36.58 in 2018 for an equivalent purchase.
Compared to the overall inflation rate of 2.12% during this same period, inflation for intracity transportation was
higher.

In the year 2000: Pricing changed by 1.42%, which is
below the average yearly
change for intracity transportation during the 2000-2018 time period.
Compared to inflation for all items in 2000 (3.38%), inflation for intracity transportation was
lower.

Price Inflation for Intracity transportation since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing:
1981 (22.98%),
1980 (15.10%),
and 1982 (11.79%).

How to calculate the inflation rate for intracity transportation, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000* 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Intracity transportation was 174.885 in the year 2000 and 319.843 in 2018:

319.843 / 174.885* $20 = $36.58

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $36.58 in 2018 (in the CPI category of Intracity transportation).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Intracity transportation in 1978. In addition to intracity transportation, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.